Subsidy removal: Tinubu directs Economic Council to work on palliative
June 7, 2023
To mitigate the impact of subsidy removal on Nigerians, President Bola Tinubu has directed the National Economic Council (NEC) led by Vice President Kashim Shettima to begin the process of providing palliatives.
Tinubu gave the directive while meeting with some major oil marketers led by Ogun State governor, Dapo Abiodun at the State House in Abuja on Wednesday.
Tinubu during his inaugural speech on May 29 at the Eagle Square in Abuja had announced the removal of subsidy payment on petrol.
Following the announcement, the Nigeria National Petroleum Company Limited adjusted the pump price to reflect the current international price.
Reacting to the development, the Organised Labour resolved to embark on a nationwide strike beginning Wednesday but subsequently shelved it after a meeting with the Federal Government late Monday.
While speaking to correspondents after the meeting, Governor Abiodun stated that the marketers expressed solidarity with the President for removing the N4trn subsidy burden, a move that can enhance the Federation Account Allocation Committee (FAAC) allocation to states.
The group of marketers subsequently announced their intention to donate 50 to 100, fifty-seater mass transit buses that would run on CNG, costing N100m each and N10bn cumulatively, to cushion the effect of the removal within the next 30 days.
About The Author
About the Author: Olumide Akinrinlola
Related Posts
FRSC seizes 222 trailers conveying 3,169 passengers The Federal Road Safety Corps (FRSC) inter-agency task force has apprehended 222 trailers transporting 3,169 passengers across Niger, Bauchi, Taraba, and Kaduna states. The task force, established to curb the transportation of passengers alongside goods, aims to reduce road traffic accidents and associated casualties caused by the reckless conduct of trailer drivers. Corps Marshal Dauda Ali-Biu announced during a press briefing in Abuja that the initiative involves collaboration with various transport unions, security agencies, and traffic management authorities. “As part of the operations, the JTF dropped over 2,440 passengers who were mandated to take alternative vehicles designed for conveying passengers. “Since the commencement of the JTF on March 23, the monster of road traffic crashes involving trailers and the fatalities that come with them have been adequately tamed and the situation arrested on all fronts,” he said. Mr Ali-Biu added that the corps had gone a step further by prosecuting recalcitrant trailer drivers aside the conventional enforcement of traffic regulations. This, he said, was done through mobile courts in the 36 states of the federation and the FCT. “Subsequently, more drastic measures, including suspension and withdrawal of the national driver’s licence, will be carried out. “Permit me to reiterate at this critical moment that, on our part, as an agency of government charged with road safety supervision, we have resolved to continue in our strive to make the nation’s highways safe. “Part of our resolve is to consolidate on the gains recorded so far through the strategic combat operations of the joint task force. “We have decided to sustain the tempo by extending the operations of the JTF to other critical corridors across the nation. “The essence of this extension is to give it a holistic approach,” the corps marshal said.FRSC seizes 222 trailers conveying 3,169 passengers The Federal Road Safety Corps (FRSC) inter-agency task force has apprehended 222 trailers transporting 3,169 passengers across Niger, Bauchi, Taraba, and Kaduna states. The task force, established to curb the transportation of passengers alongside goods, aims to reduce road traffic accidents and associated casualties caused by the reckless conduct of trailer drivers. Corps Marshal Dauda Ali-Biu announced during a press briefing in Abuja that the initiative involves collaboration with various transport unions, security agencies, and traffic management authorities. “As part of the operations, the JTF dropped over 2,440 passengers who were mandated to take alternative vehicles designed for conveying passengers. “Since the commencement of the JTF on March 23, the monster of road traffic crashes involving trailers and the fatalities that come with them have been adequately tamed and the situation arrested on all fronts,” he said. Mr Ali-Biu added that the corps had gone a step further by prosecuting recalcitrant trailer drivers aside the conventional enforcement of traffic regulations. This, he said, was done through mobile courts in the 36 states of the federation and the FCT. “Subsequently, more drastic measures, including suspension and withdrawal of the national driver’s licence, will be carried out. “Permit me to reiterate at this critical moment that, on our part, as an agency of government charged with road safety supervision, we have resolved to continue in our strive to make the nation’s highways safe. “Part of our resolve is to consolidate on the gains recorded so far through the strategic combat operations of the joint task force. “We have decided to sustain the tempo by extending the operations of the JTF to other critical corridors across the nation. “The essence of this extension is to give it a holistic approach,” the corps marshal said.
